.StaciW_DC, CEO of AlgoFoundation, says the SECGov is punishing crypto-service platforms rather than providing them with better regulatory guidelines. _franvela reports
Instead, Kraken is “being punished, as opposed to given guidance,” Warden told CoinDesk TV’s “First Mover” on Monday.with Kraken and the San Francisco-based exchange “immediately” closed down its staking-as-a-service platform to its U.S.-based customers., its staking services were promoting the sale of an unregistered security.
The SEC could argue that because Kraken is an exchange that happens to offer digital assets, it should still be regulated like other exchanges that fall under the agency’s jurisdiction, she added.SEC also reportedly plans to sue stablecoin issuer Paxos “It’s not the regulation so much, it’s the way that regulation is taking place,” Warden said. She added thatand the lack of regulatory clarity is making it difficult for crypto platforms to know what the agency wants from them.
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